The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
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Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected
It has been a decade — since November 2010, to be precise — since Sorrento Therapeutics (NASDAQ:SRNE) has seen its stock hold onto a big gain. From then to now, SRNE stock is off by 15%; it currently trades at $6.32 per share. If you’re hitting yourself for sticking around that long in search of
Investors curious to know which electric vehicle stocks to buy have an increasing number of options to choose from. Markets have certainly warmed up to the idea of electric vehicles, which was not the case several years ago. There are now many companies which are beginning to make waves in this space. Returns could be
The last time I weighed in on Advanced Micro Devices (NASDAQ:AMD), I said that AMD stock could easily explode to $100 per share thanks to a significant number of catalysts. Source: Fabio Alcini / Shutterstock.com That was on July 30, as AMD stock traded at $76.09. Not long after, AMD would run to a high
Alongside the rest of the tech sector, shares of freshly public Vroom (NASDAQ:VRM) have taken a nose dive recently, with Vroom stock falling as much as 30% in a matter of days. Source: Lori Butcher / Shutterstock.com But guess what? Vroom is still pioneering a new era of online car buying and selling. The company
2020 has added several new terms, such as “social distancing” to our daily vocabulary. Therefore, let’s look at five hot stocks to buy that are still profiting from social distancing. Recent research led by Jean-Noel Barrot of HEC Paris highlights the following: “The global health crisis caused by the outbreak of the Covid-19 virus has led
On Tuesday, Aurora Cannabis (NYSE:ACB) announced a potentially massive 1.8 billion CAD ($1.37 billion) write-down for Q4. Simultaneously, the Canadian marijuana company announced it has chosen a new CEO, its Chief Commercial Officer Miguel Martin. The market reacted with shock, sending ACB stock down 12% before recovering. Source: Shutterstock But it’s a trick that other companies
Despite the recent weakness in tech stocks, shares of Pinterest (NYSE:PINS), a visual discovery engine, are still up over 85% year-to-date. In fact, $1,000 invested in PINS stock during its March lows would now be worth around $3,400. Source: Nopparat Khokthong / Shutterstock.com “Visual search and recommendations, collectively referred to as visual discovery … is
Despite a depressed travel industry, many investors still view Airbnb as a solid investment option. The short-term rental company confidentially filed the paperwork to go public later this year The Wall Street Journal reported last month. The change in events has spurred increased interest among believers eager to get in on Airbnb stock. Source: Tero
I’m a long-term bull on cannabis stocks. But that doesn’t mean I’m a long-term bull on every cannabis stock. Tilray (NASDAQ:TLRY) stock shows why. Source: Jarretera / Shutterstock.com After all, the potential of the cannabis market remains enormous. Admittedly, early returns have been disappointing. Canadian producers like Tilray built up too much capacity. International markets
StubHub operates one of the world’s largest online ticket reselling marketplaces. The company brings together ticket buyers and sellers and allows them to transact business by using either the company’s web site or mobile applications. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
The lure of a low-priced stock is irresistible to many potential investors, as shares of troubled oil producer Whiting Petroleum (NYSE:WLL) are showing. But price is not everything. And WWL stock is unsuitable for a legitimate portfolio. Source: Shutterstock This company poorly played the collapse of oil prices and the other effects of the novel
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Source: CNBC Citigroup CEO Michael Corbat said that he is retiring in February after eight years leading the bank, and that the firm’s retail banking chief Jane Fraser will succeed him, making her the first female CEO of a
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – Shares of the luxury goods retailer are under pressure after France’s LVMH said it would stick to a Nov. 24 deadline to complete the deal and that current circumstances would not allow that to happen. Tiffany said it would sue
Is now the time to “buy the dip” in Nio (NYSE:NIO) stock? Not so fast! Earlier this year, the Chinese electric vehicle (EV) maker seemed headed for disaster. But,a partnership deal with a Chinese municipality put bankruptcy concerns to rest. Add in the mania in EV stocks driven by Tesla (NASDAQ:TSLA), and this stock has
“Why do I need a lawyer?” many a do-it-yourself-oriented homebuyer often asks. “Can’t real estate agents see me through?” Well, they can in most states. That doesn’t necessarily mean that they should. Although using an attorney can cost thousands of dollars, it is often money well spent. Read on to find out how a real
The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton earned 27 cents per share for its latest quarter, compared to the consensus estimate of 10 cents a share. The exercise equipment maker’s revenue also topped expectations. The profit was Peloton’s first ever, with revenue nearly tripling on the